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no matter your tax rate, contributing to a 401(k) can help you save money on taxes and boost your retirement security. your contributions to a traditional plan are not included in your taxable income, and earnings on roth contributions are tax-free. the good news for savers is that in 2013 401(k) limits go up to $17,500, and employees aged 50 or over can contribute an additional $5,500. but, at the end of 2011, the average account balance in 401(k)s nationwide was just under $60,000. if you're not sure you're doing all you can to lower your taxable wages and secure your retirement, finras new 401(k) save the max calculator can help you do the math to find out. i'm gerri walsh. >> tom: join us tomorrow on twitter for a tweet-up, that's when you meet together on twitter. we'll talk about teaching kids about saving money. alisa weinstein, co-founder of helpksflyrg and ahor of "earn my keep" will be our guest. here's what you do: follow us on twitter at bizrpt, and use the tweet-up hashtag "financial education". that's tomorrow, thursday at 3 pm eastern. susie, we're really looking forward to ch
no matter your tax rate, contributing to a 401(k) can help you save money on taxes and boost your retirement security. your contributions to a traditional plan are not included in your taxable income, and earnings on roth contributions are tax-free. the good news for savers is that in 2013 401(k) limits go up to $17,500, and employees aged 50 or over can contribute an additional $5,500. but, at the end of 2011, the average account balance in 401(k)s nationwide was just under $60,000. if you're...
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Jan 24, 2013
01/13
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it's the ste tax a to it thealax it's the excise tax. it's the car tax. it's the alcohol tax. it is the excise tax. it is the tolls we pay as we travel down the highways. it is any number of things that add up to a burden of taxation on the american people that is severely hampering our ability to grow and our economy to provide the necessary employment and the necessary jobs for people so desperately in need of and looking for that work. while the president has problems community has. a recent survey of chief executives said they are considerably less optimistic about short-term growth prospects for their companies than they were just a year ago. the reason? uncertainty. the business community does not have confidence in the growth prospects for our country because there is little confidence that washington can get its act together and deal with the spending crisis that is dragging down this economy. in an atmosphere of uncertainty, investors, businesses and consumers proceed with caution. they hold back in making significant investments or expenditures. and they don't hire p
it's the ste tax a to it thealax it's the excise tax. it's the car tax. it's the alcohol tax. it is the excise tax. it is the tolls we pay as we travel down the highways. it is any number of things that add up to a burden of taxation on the american people that is severely hampering our ability to grow and our economy to provide the necessary employment and the necessary jobs for people so desperately in need of and looking for that work. while the president has problems community has. a recent...
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Jan 24, 2013
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he said we need more taxes and we will back asking for more taxes later. so is nearly as we can tell based on what he has said the taxes he would like to add to the ones he got in the operation of law to a half weeks ago is this light line right across here. so if the president were given all the tax increases he says that the moment he wants that would provide this amount of revenue going out to 2040. as you can see madam president that doesn't do anything to solve the problem because they read here represents spending in the past and the spending escalation that will occur if we don't do anything to solve the spending problem. look at this line. dramatically going up to 2040. so as you can see there is not enough revenue you can raise without completely shutting down the economy. and solve the problem. in fact it produces a static and totally insignificant amount of revenue in order to deal with the massive spending problem. so this constant demand for more and more tax increases on what i guess people say are the more successful guy down the street may
he said we need more taxes and we will back asking for more taxes later. so is nearly as we can tell based on what he has said the taxes he would like to add to the ones he got in the operation of law to a half weeks ago is this light line right across here. so if the president were given all the tax increases he says that the moment he wants that would provide this amount of revenue going out to 2040. as you can see madam president that doesn't do anything to solve the problem because they...
WHUT (Howard University Television)
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Jan 24, 2013
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they have agreed to introduce a new tax break for supporting the poor when the consumption tax doubles in 2015. the agreement is part of a tax reform plan for fiscal 2013, which the liberal democratic party and the new kuomot approved on thursday. under the plan lower rates take effect in october 2015 when the consumption tax is set to double to 10%. the two parties have also decided on an income tax hike. under their plan people with annual incomes of more than $450,000 will get a tax rate of 45%. that's up from the current 40%. the new rate set to go into effect in january 2015. >>> all right. that's going to do it for biz tonight. i'm going to hand it back to gene. >>> ron, thank you for that. a japanese citizen considered missing after last week's hostage siege at a natural gas plant in algeria is now confirmed dead. this brings the number of japanese victims to ten. islamist militants attacked the desert facility and kidnapped hundreds of workers. chief cabinet secretary yoshihide suga just confirmed the death of this man who is 66. he was a top executive with the japanese firm jj
they have agreed to introduce a new tax break for supporting the poor when the consumption tax doubles in 2015. the agreement is part of a tax reform plan for fiscal 2013, which the liberal democratic party and the new kuomot approved on thursday. under the plan lower rates take effect in october 2015 when the consumption tax is set to double to 10%. the two parties have also decided on an income tax hike. under their plan people with annual incomes of more than $450,000 will get a tax rate of...
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Jan 24, 2013
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to give me started on your carbon taxes. a huge source of revenue. in the -- in his course of life, he spent years railing against the oil companies, and he just sold out. melissa: i feel like michael blumberg was behind this. melissa: i bet both of them. so this was interesting. apparently the italian mafia is infiltrating the renewable energy businesses the government offers billions in subsidies for wind and solar development. crime families are reporting land and then pressuring the owners to sell or offering long-term leases. and local officials are bribes. obviously, to expedite the approval. officials have enough clothes and more than $2 billion in assets and arrested some of the key players. i don't know. it seems like this is a perfect fit. the mafia and green energy. >> money and fraud. they get together. >> follow the "money". a lot of money in green energy. so they're going to. this is an opportunity. >> why do you rob banks? this is where the money is. that's why al gore and the others. the source of all our problems. >> allowing greed.
to give me started on your carbon taxes. a huge source of revenue. in the -- in his course of life, he spent years railing against the oil companies, and he just sold out. melissa: i feel like michael blumberg was behind this. melissa: i bet both of them. so this was interesting. apparently the italian mafia is infiltrating the renewable energy businesses the government offers billions in subsidies for wind and solar development. crime families are reporting land and then pressuring the owners...
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or the tax on well we would have to look up questions of being a body to the ocean for barry has said we're going. to very robust rate better than six percent actually six point seven five percent less to twenty twelve. but we have a widening gap between the rich and the poor we have one of the most rich money in the world that will sleep we have more than we have a lot of for people but he's very very poor we have a over to like you know like that and he and he all the third world countries which there will always be sources creating even bigger are going to change and. whatever we're trying to do is to offset the things which trust and get it might get a little more strict with this wonderful goal which by now it's pretty clear that if i'm just. going to develop the nation. in the u.s. today forty. five percent. official at a point that we just hit a record is real that you. anywhere else in the world the fear and doubt you're pretty likely to see who was big for change outside the war is troubling. and it seems pretty unlikely that the world's greatest financial minds gathered here
or the tax on well we would have to look up questions of being a body to the ocean for barry has said we're going. to very robust rate better than six percent actually six point seven five percent less to twenty twelve. but we have a widening gap between the rich and the poor we have one of the most rich money in the world that will sleep we have more than we have a lot of for people but he's very very poor we have a over to like you know like that and he and he all the third world countries...
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Jan 24, 2013
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. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the problem and that's the issue. on taxes, maria, i think we do have an opportunity to engage in that kind of discussion. we've got this sequestration that will hit march 1st. we have a continuing resolution that will come at the end of that month. there are all kinds of trigger points, if you will, that will facilitate more of these discussions and hopefully will lead to a much broader solution than just going about these kind of discretionary cuts. >> let me get your take on the low hanging fruit in terms of spending cuts. medicare, medicaid, social security, health care costs, the drivers of the debt. w
. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the...
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Jan 24, 2013
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they are paying higher taxes, they are seeing a smaller payroll check. neil: that apple could have charged a premium for their products because they are cool. >> they could easily lose their cool. is it still taught everything to say that i have the iphone? not exactly. samsung has the cool power right now. a lot of competitors are coming out with very cool phones. if you are the tech guy, you are leading the way. you are looking for the newest and best and brightest thing that is out there and apple hasn't given us anything. neil: we are talking about a lot of advanced products. the new big thing is somethingnw that i may not hear about. >> well, i think the what wenize have to recognize about apple -a i'm not talking about apple tv. i'm talking about the version four. the one where they actually -- let's just work this out for a second. [talking over each other] [talking over each other] >> there is a point in time when you were going to watchady everything, you know, on the internet ready phones. kille tv is a step in that direction. tnk apple killed
they are paying higher taxes, they are seeing a smaller payroll check. neil: that apple could have charged a premium for their products because they are cool. >> they could easily lose their cool. is it still taught everything to say that i have the iphone? not exactly. samsung has the cool power right now. a lot of competitors are coming out with very cool phones. if you are the tech guy, you are leading the way. you are looking for the newest and best and brightest thing that is out...
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will so trying to address that in fact one of the budget recommendations is some kind of inheritance tax or the tax on well we have to the questions are being the more they keep coming into the ocean the barry has said we're going. to very robust rate better than six percent actually six point seven five percent less to twenty twelve and we have a widening gap between the rich and the poor we have one of the most richest man in the world publishes and we have more than we talk a lot of for people but he's very very poor we have a over t. like you know like any and all the third world countries which there will always be sources creating an even bigger gap between rich and poor. when whatever we're trying to do is to offset the things which trusting that you might get a little more stick with this wonderful goal which by now it's pretty clear that if i'm just. like the developing nations in the us today forty. five percent. official at a point that we just had a record is that you. anywhere else in the world but here in dallas you're pretty likely to see who was big for change outside the
will so trying to address that in fact one of the budget recommendations is some kind of inheritance tax or the tax on well we have to the questions are being the more they keep coming into the ocean the barry has said we're going. to very robust rate better than six percent actually six point seven five percent less to twenty twelve and we have a widening gap between the rich and the poor we have one of the most richest man in the world publishes and we have more than we talk a lot of for...
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Jan 24, 2013
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by instituting some type of tax. what would you say to a governor who's thinking about doing something like that? >> i would say we cannot tax our way and solve this problem, any of these problems. we can't tax and provide solutions. it has never provided solutions. we can only grow our way out of the current situation, and growth means coming together as business, as government to try and create the necessary platform so that business can continue to invest. we are, we have invested $10 billion in the united states in the last three years. we still see great opportunities in the united states. when you look at the top 15 brands in the business of nonalcoholic beverages in the united states, there's actually been growth in those top 15 brands in the united states. so brands are growing. maybe the industry is not growing as a whole, but the brands, key successful brands are growing, and by the way, in dollar value the industry's grown 3% in the last three years. liz: continuing waving the coca-cola flag, thank you ver
by instituting some type of tax. what would you say to a governor who's thinking about doing something like that? >> i would say we cannot tax our way and solve this problem, any of these problems. we can't tax and provide solutions. it has never provided solutions. we can only grow our way out of the current situation, and growth means coming together as business, as government to try and create the necessary platform so that business can continue to invest. we are, we have invested $10...
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Jan 24, 2013
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in reminds you what happened in washington, you remember solyndra, with dead folks getting homebuyer tax credits. chris, what do you make of this? >> this is something we're familiar with in the united states. medicare for example, we've seen a lot of prosecutions over the years of organized crime folk involved in ahead care scam, -- medicare scam, fake claims, that is long-standing it has happened with welfare benefits and other things, one other thing that always makes it more complicated, when you have programs that are administered by bureaucrats and conceived by politicians, those are individuals that can be i think term is gotten to. might be induced to look the other direction, and organized crime does love government programs. neil: the bigger the sums for the program the more ripe they are for this sort of thing? >> you know, in the old country where the cavuto regime is, your family. >> that is lovely. >> not cool. >> look. hey, you know, score one for the mafia, zero for the government, they out smarted government for a while. >> i like how they have veered from liquor to this
in reminds you what happened in washington, you remember solyndra, with dead folks getting homebuyer tax credits. chris, what do you make of this? >> this is something we're familiar with in the united states. medicare for example, we've seen a lot of prosecutions over the years of organized crime folk involved in ahead care scam, -- medicare scam, fake claims, that is long-standing it has happened with welfare benefits and other things, one other thing that always makes it more...
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Jan 24, 2013
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as you can see, even if you have got all the tax increases, the president got all the tax increases that he wanted, this represents this line right here, it still doesn't come anywhere close to dealing with the spending that is going to explode in the out years if we don't do something to reign that in by reforming many of these programs that i just mentioned. if we're going to save and protect social security and medicare for future generations, we have to reform those programs in a way that doesn't create this huge red line that spikes into the future and literally bankrupts the country. in fact, social security ran a cash deficit in 2010. medicare, we're told by the actuaries, will be insolvent by the year 2024, and in fact in the hospital portion of the medicare trust fund we're told may be insolvent by the year 2016. so these are important dates to remember, because those are the dates at which the revenue coming in from the payroll taxes that support social security and medicare no longer pay for the benefits that are paid out to beneficiaries. and so, you know, we have got this so
as you can see, even if you have got all the tax increases, the president got all the tax increases that he wanted, this represents this line right here, it still doesn't come anywhere close to dealing with the spending that is going to explode in the out years if we don't do something to reign that in by reforming many of these programs that i just mentioned. if we're going to save and protect social security and medicare for future generations, we have to reform those programs in a way that...
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so we're assuming that the tax laws are not going to change. we're basically going to put our money to work in places like canada, the uk, israel, russia and asia where they're going to get a return and where we want it. >> that is a change and that starts spreading out, does that mean the rate of pick up in dividend payments and shares -- >> no, we committed to our shareholders 50% of our cash flow we will pay back on them, either in the form of dividends or share buybacks. but i think the key things to take away from davos is we're becoming the innovative leader and many of the concepts appear to be paying out very well for us. >> so what makes more sense for you right now, dividends, increase or a buyback? >> we're going to poll our shareholders. we've committed to giving you 50% back. >> thank you for join onning the program. >> we so appreciate it. >> thank you. now, look, we were going to talk about this but while we've got maria here, derek jeter, right? >> yes. he came to see me at dinner last night. i was talking about when i threw the
so we're assuming that the tax laws are not going to change. we're basically going to put our money to work in places like canada, the uk, israel, russia and asia where they're going to get a return and where we want it. >> that is a change and that starts spreading out, does that mean the rate of pick up in dividend payments and shares -- >> no, we committed to our shareholders 50% of our cash flow we will pay back on them, either in the form of dividends or share buybacks. but i...
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in the meantime, we know taxes on our dividends aren't going up. they stayed almost the same. that's a remarkable surprise that nobody talks about. but the need to find higher after tax yields is behind the huge move in the big dividend paying drug stocks. it's why we pay more for bristol-myers as we did today or johnson & johnson which kind of hangs in there despite the earnings miss and the horrendous implication of their faulty hip product. it's why we're paying more for the oils, all the oils because more oil will be used when things get better sending the hesses and conocos higher with them. that's how it can be ten points above where it was when it pre-announced a shortfall. and, of course, any uptick in employment has huge implications with autos and for homes where for a couple of years we were building homes at a rate that came in under what we were building when we had half as many people in this country. and it means more businesses for the banks, the processed home loans and that group gets revalued upward. we use more copper, more wood, more fiber, aluminum, glass
in the meantime, we know taxes on our dividends aren't going up. they stayed almost the same. that's a remarkable surprise that nobody talks about. but the need to find higher after tax yields is behind the huge move in the big dividend paying drug stocks. it's why we pay more for bristol-myers as we did today or johnson & johnson which kind of hangs in there despite the earnings miss and the horrendous implication of their faulty hip product. it's why we're paying more for the oils, all...
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ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley: have to leave it right there. ed lazear, thanks so much for joining us. really appreciate it. >> thank you. tracy: especially when the rich keep moving. ashley: that's right. good point. tracy: follow the golfers. as we do every 15 minutes we check the markets now. nicole petallides on the floor of the stock exchange. good day for the drugmakers, huh, nicole? >> it is. look at some names on the move after earnings, latest drugs, clinical trials and mostly good news here, look at bristol-myers up 2 1/2% for bmy. they did beat street expectations. they're posting gains doing very well with that. they settled claims with a interdrug trial subject. they moved along from that. pfizer here at a 52-week high. pfizer shares hitting this multiyear high on the results of several studies. they have done well with treatments for depression, overactive bladder, quitting smoking. biogen i can't leave out doing well. up 1.3% right now. back to you. tracy:
ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley: have to leave it right there. ed lazear, thanks so much for joining us. really appreciate it. >> thank you. tracy: especially when the rich keep moving. ashley: that's right. good point. tracy: follow the golfers. as we do every 15 minutes we check the markets now. nicole petallides on the floor of the stock exchange. good day for the...
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Jan 24, 2013
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unemployment, and she said she will be working together with cameron 2 stock corporations avoiding taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he did not say a lot about this topic today. he sold it as his duty to deliver the referendum to the british citizens. in contrast, angela merkel did not try to be entertaining. she emphasized the common interests of britain and the european union, like structural reforms, free trade agreement with the united states, and make europe more competitive, obviously trying to deal with a new conflict as coolly as possible, a strategy that has brought her a lot of success in the last years. thursday was the day of cameron and merkel. now everybody is heading to one of the numerous parties if they have enough energy, and
unemployment, and she said she will be working together with cameron 2 stock corporations avoiding taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he...
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he says that she focused on tax transparency the compound and avoided some of what he wanted to talk about but a raft of the financial ministers err in davos that is what it's all about they refer and we always had angle and i think the german chancellor sheets it to the mike and she was talking about structural reforms and she spoke about her concern as well to do with the spanish unemployment rate now sitting at sixty percent is used in sound with that we also had to look at some of the brics countries as well as women's role in the financial community that was going on today. more news coming your way in thirty five minutes time max and stacey up next with all the latest the kaiser report stay with us. right wing t.v. host glenn beck is going to build his own utopia back plans to put together a massive social experiment building his own city which will be totally independent from the evil grasp of government and the outside world where residents will have to learn how to survive on their own make their old things and grow their own food the future city called independence usa will
he says that she focused on tax transparency the compound and avoided some of what he wanted to talk about but a raft of the financial ministers err in davos that is what it's all about they refer and we always had angle and i think the german chancellor sheets it to the mike and she was talking about structural reforms and she spoke about her concern as well to do with the spanish unemployment rate now sitting at sixty percent is used in sound with that we also had to look at some of the brics...
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it's just after one month after the largest tax cut in kansas history. critics charge the policies leave many in the state without basic services or proper education. >> they still have good steak. that's good. a good night's sleep is good for business. the results of a new study coming up. >> and the broadcast industry is shedding jobs, but help wanted at the arab tv channel, al jazeera. the details ahead on media minute. >> as we head to break, winners on the nasdaq. as you see, apple is not a winner. bed bath, western digital, and more. we'll be right back. ♪ [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. just like you. i have obligations. cute tobligations, but o
it's just after one month after the largest tax cut in kansas history. critics charge the policies leave many in the state without basic services or proper education. >> they still have good steak. that's good. a good night's sleep is good for business. the results of a new study coming up. >> and the broadcast industry is shedding jobs, but help wanted at the arab tv channel, al jazeera. the details ahead on media minute. >> as we head to break, winners on the nasdaq. as you...
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although he was was did you know it is away from the topic because his speech was that she focused on tax transparency to calm down on avoidance that's what he wanted to talk about but the rest of the financial ministers here in davos they just wanted to talk about the referendum. and katie will join us again later in the day here in r.t. for now though catalonia has adopted a declaration of software into the proclamation that gives it the right to hold a referendum on breaking away from spain but madrid is unswayed maintaining it's not up to the catalans to decide if they want to leave but a matter for spaniards to agree upon a scammer on this now i want to see where it leads are both sides with carlos deck also sociologist at the pump university thank you very much indeed for coming on the program today it does appear that madrid and catalonia are on a collision course at this point but how do you foresee it playing out. well i think the main challenge right now in catalonia is for this declaration of sovereignty to to be something real to really put on the table a question that's that'
although he was was did you know it is away from the topic because his speech was that she focused on tax transparency to calm down on avoidance that's what he wanted to talk about but the rest of the financial ministers here in davos they just wanted to talk about the referendum. and katie will join us again later in the day here in r.t. for now though catalonia has adopted a declaration of software into the proclamation that gives it the right to hold a referendum on breaking away from spain...
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although he was trying to steer your ideas away from the topic because his speech was that she focused on tax transparency to come down on avoidance that's what he wanted to talk about but the rest of the financial ministers here in davos they just wanted to talk about the referendum. are we seeing. on the program here on r t but for now are britain's pitch for a sweeter deal from brussels did however receive or quarter its response from germany chancellor merkel remark that there was room for talk but not for shopping warning the u.k. not to expect too much but stephen wolf spokesman for the u.k. independence party still believes britain would do absolutely fine out on its side . they said that we would be in huge problems if we came out of the already they said that business would not actually invest in the u.k. unless we join the euro this isn't going to happen and we're not going to have believed the false promises and the false concerns that european politicians and big businesses are actually going to throw as i mean there's an unholy alliance that sees people forming between old conser
although he was trying to steer your ideas away from the topic because his speech was that she focused on tax transparency to come down on avoidance that's what he wanted to talk about but the rest of the financial ministers here in davos they just wanted to talk about the referendum. are we seeing. on the program here on r t but for now are britain's pitch for a sweeter deal from brussels did however receive or quarter its response from germany chancellor merkel remark that there was room for...
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Jan 24, 2013
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avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your question, i'm billish. and i think it's a game changer. and i think it is probably the story of global economic recovery if handled right. and frankly, the beneficiaries of that will be the u.s. consumer. u.s. jobs. i mean just in the downstream value added industries which i'm a part of $96 billion of investment already announced. 5 million new jobs over the next five years. huge value adder to a low-cost energy base. >> i don't know if you saw the president's inauguration speech. >> i caught part of it. >> do you feel that this administration, and forget about the administr
avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your...
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although he was right as did the audience away from the topic because his speech was actually focused on tax transparency to clamp down on avoidance was what he wanted to talk about but the rest of the financial ministers here in davos they just wanted to talk about the referendum. catalonia has adopted a declaration of sovereignty a proclamation that gives it the right to hold a referendum on breaking away from spain the madrid is on the sway discharging like illegality and maintaining it's not up to catalans alone to decide if they want to leave but a matter for all the spaniards because their course she's a sociologist at the pump of public university says that's little more than an excuse. well it's definitely unlawful i mean it's awful against the constitution the question is also you know how many people in spain right now. are really behind this constitution and when when does this constitution actually mean anything the constitution also guaranteed a right for instance to decent housing and yet we find that you know hundreds of people are being are being kicked out of their homes day
although he was right as did the audience away from the topic because his speech was actually focused on tax transparency to clamp down on avoidance was what he wanted to talk about but the rest of the financial ministers here in davos they just wanted to talk about the referendum. catalonia has adopted a declaration of sovereignty a proclamation that gives it the right to hold a referendum on breaking away from spain the madrid is on the sway discharging like illegality and maintaining it's...
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although he was right as did you it is away from the topic because his speech was that she focused on tax transparency to calm down and avoided some of what he wanted to talk about but the rest of the financial ministers area in davos that is what it's all about the referendum. would be in the team in health enough no in the meantime coming next on the break it's the kaiser report stay with us so that. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom parker parker the big picture. choose your language. clearly we can we know if you're going to go on a special someone. said. she was going to consent. to use the typical rate to. choose the stories but in. truth you access to. wealthy british style. markets. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into a report on. what the cows report. has or what exactly is in the british
although he was right as did you it is away from the topic because his speech was that she focused on tax transparency to calm down and avoided some of what he wanted to talk about but the rest of the financial ministers area in davos that is what it's all about the referendum. would be in the team in health enough no in the meantime coming next on the break it's the kaiser report stay with us so that. you know sometimes you see a story and it seems so you think you understand it and then you...
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Jan 24, 2013
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obviously, a lot of investors still reeling from all the debate over a dividend tax, carried interest tax to what degree do you think those are going to be on the table as we try to work out some larger bargain? >> difficult to itemize or list what will be on the table. i will say, this the finance committee has worked for many months now to try to come to a consens consensus, early efforts just in this month, chairman baucus, talking to him yesterday, about this, reporting on where they are. so, i think there's a real sense of urgency now to get a consensus on tax reform, to have a simpler and fairer systems to deal with areas were there's consensus. believe it or not, despite all the fighting in washington, there's a great consensus that we need tax reform and i think there's a growing consensus about even the elements to it. >> well, tax reform, the question is the tax tape, do you thank you obama is shifting the debate now, that there is going to be far more taken in greater taxes for the wealthy and far less in spending cuts because that is the cret rick? >> difficult to predict.
obviously, a lot of investors still reeling from all the debate over a dividend tax, carried interest tax to what degree do you think those are going to be on the table as we try to work out some larger bargain? >> difficult to itemize or list what will be on the table. i will say, this the finance committee has worked for many months now to try to come to a consens consensus, early efforts just in this month, chairman baucus, talking to him yesterday, about this, reporting on where they...
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Jan 24, 2013
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tax people and they want to dig in. i think republicans now realize eye don't know if they can carry the day on this-- but i think they now realize a smile, a lighter touch, talking about compromise, but staying tough to principle, repositioning themselves that could do a world of wonder. i think they just need a break now. i think they need the focus to be on the white house, the president and the democrats. >> ifill: what they're counting on then you're saying not that the vision will change but the implementation will be so unpopular for the white house they will then be able to regain their footin footing there that? >> in fact, the country is very concerned about spending. they're concerned about these huge deficits and debt. that's an argument that maybe republicans can get some traction on. i thought this was a good day for john boehner who has had a lot of bad days in leading the house. this was a crase where they had a retreat last weekend. people who were there said it was a very som bell retreat and they agre
tax people and they want to dig in. i think republicans now realize eye don't know if they can carry the day on this-- but i think they now realize a smile, a lighter touch, talking about compromise, but staying tough to principle, repositioning themselves that could do a world of wonder. i think they just need a break now. i think they need the focus to be on the white house, the president and the democrats. >> ifill: what they're counting on then you're saying not that the vision will...
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Jan 24, 2013
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tax in the first place. both of these guys are from california. mickelson made his hometown there for, he was born and raised in san diego. for him to leave the state is a big, big deal. if you're taking home 37 cents on the dollar, 47 cents on the dollar, i think it is okay to speak up. martha: it is something for all americans to give some thought to. bill: why did he apologize? martha: i don't know why he apologized, the backlash against it, saying is it right for any american to spend 63 cents of their dollar, of every dollar they make and hand it over to the government? bill: state, county, federal. martha: so much discussion about fair share and people, people obviously, some people are outraged. he can afford it. that is not the issue. the issue is, at what point is enough, enough of any single human being's income whether they're successful or not. i mean, --. bill: that guy moved to florida he could save 13% of gross today. there is phil. watch him over the weekend. they have a big tournament out th
tax in the first place. both of these guys are from california. mickelson made his hometown there for, he was born and raised in san diego. for him to leave the state is a big, big deal. if you're taking home 37 cents on the dollar, 47 cents on the dollar, i think it is okay to speak up. martha: it is something for all americans to give some thought to. bill: why did he apologize? martha: i don't know why he apologized, the backlash against it, saying is it right for any american to spend 63...
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Jan 24, 2013
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other thing, you know, from a corporate perspective, we'd love to see something done on the corporate tax rate here in the u.s. love to keep more jobs here. just got to find a way to solve that problem. >> how does obama care and the health reform affect you as a company? >> well, certainly it provides re people will be covered by prescriptions. that's great news for the entire pharmaceutical space. for our particular company, we don't focus so much on continuous care medicines. we generally focus on women's health, those kind of issues so for us not as great but for other pharmaceutical companies great opportunity. >> we'll let you go. they will be anxious to get you up to the balcony so you can ring the closing bell. your logo is green. why didn't you wear green? >> i wore green for him. >> you're australian? >> yeah, i'm starting to forget it. >> no idea. >> we're about to enjoy the close with 20 minute to go here, and the market is continuing to levitate a bit. >> absolutely. still marching closer and closer to a all-time high. really driving this rally? is it fundamentals or just the
other thing, you know, from a corporate perspective, we'd love to see something done on the corporate tax rate here in the u.s. love to keep more jobs here. just got to find a way to solve that problem. >> how does obama care and the health reform affect you as a company? >> well, certainly it provides re people will be covered by prescriptions. that's great news for the entire pharmaceutical space. for our particular company, we don't focus so much on continuous care medicines. we...
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and we created greater wealth in america that has been created even in the raging time of no income tax and the morgans and mellons and carnegie and rockefellers. we created more wealth for everyone. so we can do this recognizing that the energy market is a $6 trillion market compared to one with what, four billion users going up to nine billion over the course of the next 20, 30 years. this is a place for us to recognize what other countries are doing and what our states that are growing are doing, which is there is an extraordinary amount of opportunity in modernizing america's energy grid. we don't even have a grid in america. we have a big open gap in the circle of america. east coast grid, west coast grid and texas grid and a line from chicago over to the dakotas. we can't sell energy from minnesota to arizona or arizona to massachusetts or to the coal states. it doesn't make sense and can't be a modern country if we don't fix that infrastructure. i would respectfully say to you that climate change is not something to be feared in response to -- the steps to respond to -- it's to b
and we created greater wealth in america that has been created even in the raging time of no income tax and the morgans and mellons and carnegie and rockefellers. we created more wealth for everyone. so we can do this recognizing that the energy market is a $6 trillion market compared to one with what, four billion users going up to nine billion over the course of the next 20, 30 years. this is a place for us to recognize what other countries are doing and what our states that are growing are...